N.   Acceptance of Audit for the University of Kentucky
Credit Union (FCR 2)

    On motion by Mr. Clay, seconded by Mr. Black and passed
unanimously, the Board of Trustees accepted the audited financial
statement of the University of Kentucky Credit Union for the
eighteen month period ended December 31, 1982. (See FCR 2 at the
end of the Minutes.)

    0.   Transfer of Funds to the University of Kentucky/Business
Partnership Foundation, Inc. (FCR 3)

    Mr. Clay moved that the Board of Trustees approve the
transfer of funds as listed in FCR 3 to a fund group designated
for the University of Kentucky/Business Partnership Foundation,
Inc. His motion was seconded by Mr. Miles and passed without
dissent. (See FCR 3 at the end of the Minutes.)

    P.   Sale of Henderson Property to Kentucky Department of
Transportation (FCR 4)

    Mr. Clay moved that the Chairman of the Board of Trustees be
authorized and directed to execute a Right of Entry and Property
Transfer Agreement with the Commonwealth of Kentucky, Department
of Transportation, concerning approximately 9.1 acres of
Henderson Community College property as recommended in FCR 4.
Mr. Clay's motion was seconded by Mr. Black and passed
unanimously. (See FCR 4 at the end of the Minutes.)

    Q.   Meeting Adjourned

    There being no further business to come before the Board, the
Chairman declared the meeting officially adjourned at 2:25 p.m.

                   Respectfully submitted,






                   Betty Pace Clark
                   Ex Officio Secretary
                   Executive Committee
                   Board of Trustees






         (PR's 2, 3A, 3B, 3C, 3D, 3E, 5A, and 5B, and FCR's 1, 2,
3 and 4 which follow are official parts of the Minutes of the
Meeting. )